Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.
As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.
For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.
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The External Engagement team seeks a Regional Executive to lead the Bank's stakeholder engagement in central Ohio. Based in Columbus and reporting to the Vice President for Regional Executives, this Regional Executive will be responsible for building strategic partnerships with prominent local businesses and banks, chambers of commerce and regional economic development organizations, non-profit organizations, educational institutions, public officials and policymakers as well as gathering economic intelligence to support monetary policy analysis.
This role requires deep subject matter expertise and proven experience in economic development and analysis, relationship strategy, and regional intelligence gathering. The Regional Executive will serve as the Bank’s expert on the regional economy and senior official in the region. Internally, the Regional Executive is responsible for cross-functional coordination to ensure effective engagement with stakeholders.
Essential Accountabilities
Strategic Partnership Management (50%)
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Develop relationships with a broad network of stakeholders in support of the Bank’s monetary policy and external engagement responsibilities, including, but not limited to, prominent local businesses and banks, chambers of commerce and regional economic development organizations, non-profit organizations, educational institutions, public officials and policymakers
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Lead cross-functional teams to design holistic relationship management strategies across business, economic development, and community stakeholders
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Lead a cross-functional team in developing long-term engagement roadmaps for key stakeholders that balance the Bank's priorities with partner needs
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Proactively identify new strategic partnership opportunities based on institutional objectives and regional economic priorities
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Coordinate and leverage the expertise and capacity of the Bank to deliver value to strategic partners (research insights, educational programs, convening opportunities)
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Develop and execute a strategy for recruitment, retention, and relationship management of Business Advisory Council (BAC) members across the region
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Represent the Bank at regional business events, economic development forums, and community gatherings
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Work closely in partnership with Community Development, Government Affairs, and External Communications to convene roundtable conversations or community events to discuss issues of importance to stakeholders and connect the community to resources produced by the Bank.
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Work with the External Engagement team to plan and support visits and engagements for the Bank President and other Bank leaders within the specified region.
Market Intelligence Gathering and Federal Open Market Committee (FOMC) Briefing Support (30%)
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Work closely with the Research Department and Regional Analysis Group to ensure intelligence gathering supports regional economic analysis and policy briefings
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Participate in periodic briefings that support the Bank president’s role on the Federal Open Market Committee (FOMC)
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Recruit and engage business and economic development contacts to participate in Survey of Regional Conditions and Expectations (SORCE) and the Business Outlook and Trends Survey (BOTS)
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Conduct interviews and gather qualitative economic intelligence to support the FOMC briefing process and the production of the Bank’s Beige Book contribution.
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Translate real-time business and community insights on economic conditions into actionable intelligence for Bank leadership in support of monetary policy decision-making.
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Speak to regional audiences on national and regional economic conditions, highlighting relevant research from the Bank or other entities
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Identify emerging trends, opportunities, and risks in the regional economy
Engagement Strategy and Cross-Functional Coordination (20%)
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Implement Bank-wide engagement strategies to maximize impact and coordinate cross-functional, tiered engagement with key District stakeholders
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Partner with External Communications to ensure consistent messaging and seamless coordination
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Provide strategic counsel to leadership on regional engagement priorities, market opportunities, and stakeholder landscape
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Define stakeholder segmentation frameworks (strategic partners vs. intelligence contacts vs. general network)
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Translate relationship insights and market intelligence into strategic recommendations for Bank leadership
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Participate in annual and quarterly business planning for regional engagement activities
Education and Experience
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Bachelor’s degree required; Master’s degree in economics or a related field, such as business or public policy preferred
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8+ years of progressive experience in economic development, corporate partnerships, business development, or strategic relationship management
Knowledge Areas-Expert Level
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Strong business acumen with deep understanding of how businesses make decisions and what drives partnership value
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Established network within the Fourth District business and economic development community
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Experience working with economic development organizations (EDOs), chambers of commerce, industry associations
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Background in strategic consulting, corporate strategy, or business operations
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Experience supporting board governance or advisory councils
Skill Areas-Expert Level
- Proven track record of personally building and maintaining C-suite and senior executive relationships
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Experience coordinating across multiple teams or departments to achieve common goals
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Ability to work effectively with research, analysis, or policy teams to translate relationship insights into institutional intelligence
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Strategic thinking ability with experience translating market insights into actionable recommendations
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Exceptional communication skills with experience influencing and presenting to senior executives.
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Willingness to travel regularly throughout the Fourth District (approximately 30-40%)
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Valid driver's license and access to reliable personal transportation.
The expected starting salary range for the Regional Executive is between $190,000 and $220,000 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.
The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers
Physical Demands and General Working Conditions
This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.
Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].
Bank’s Ethics Rules and Drug Testing:
As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.
In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels
Full time
Regular
Yes
Executive Family Group
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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